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Live Updates  >  Live Update Details

2025-08-01 23:49:39

Trump's tariffs impact global trade, heightening market concerns. Berenberg Bank economists stated that Trump's imposition of high tariffs of 35% and 39% on Canada and Switzerland, respectively, which will take effect on August 7, is expected to severely damage global trade and corporate competitiveness. Royal Bank of Canada BlueBay Asset Management estimates that the average US tariff rate will rise to 18%, with annualized tariff revenue reaching $450 billion, equivalent to 1.25% of GDP. The Swiss franc fell to a five-week low against the US dollar, raising market concerns about the uncertainty surrounding Trump's policies. (Dow Jones)

Real-Time Popular Commodities

Instrument Current Price Change

XAU

3363.16

73.24

(2.23%)

XAG

37.003

0.319

(0.87%)

CONC

67.26

-2.00

(-2.89%)

OILC

69.48

-2.30

(-3.20%)

USD

98.678

-1.389

(-1.39%)

EURUSD

1.1594

0.0001

(0.01%)

GBPUSD

1.3282

-0.0001

(-0.00%)

USDCNH

7.1909

-0.0006

(-0.01%)

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